# The Finance Act, 1972, Section 49: Amendment of section 44A

- Act: The Finance Act, 1972 (Act 16 of 1972)
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-1972/section/49/

## Text

Amendment of section 44A. 49. In section 44A of the Wealth-tax Act, for the portion beginning with the words "The Central Government may" and ending with the words, "for implementing the agreement.", the following shall be substituted, namely: — "The Central Government may enter into an agreement with the Government of any reciprocating country— (a) for the avoidance or relief of double taxation with respect to wealth-tax payable under this Act and under the corresponding law in force in the reciprocating country, or (b) for exchange of information for the prevention of evasion Or avoidance of wealth-tax chargeable under this Act or under the corresponding law in force in that country or investigation of cases of such evasion or avoidance, or (c) for recovery of tax under this Act and under the corresponding law in force in that country, and may, by notification in the Official Gazette, make such provision as may bi necessary for implementing the agreement.". [Finance Act, 1972] © Copyright. Taxmann Publications Pvt. Ltd.

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